Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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Tax Financial Accounting Accounting Accounting 350

Counto

MARCH 18, 2025

Bookkeeping and Financial Reporting Bookkeeping costs depend on factors like transaction volume and reporting frequency. Common bookkeeping services include: Recording daily financial transactions Bank reconciliations Generating financial statements such as profit and loss reports Ensuring accurate expense tracking 2.

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Financial Statements Accounting Accounting Bank Reconciliation 52

Counto

NOVEMBER 28, 2024

AI Automation : Counto’s AI-powered platform automates key tasks like data entry, reconciliation, and financial reporting. Faster Migrations : With automation, businesses can transfer financial data more quickly, reducing downtime during the migration. This cuts down on manual work and speeds up the migration process.

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Accounting Accounting Data Entry Bookkeeping 52

Counto

MARCH 6, 2025

Financial and Accounting Considerations in Fundraising Before engaging in fundraising, businesses should ensure they have: Accurate Financial Statements Investors require transparent financial reporting. Tax Compliance Adhering to corporate tax regulations is crucial for securing funding.

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Financial Statements Corporation Tax Bookkeeping Financial Records 52

Counto

DECEMBER 7, 2024

Solution: Regularly reconcile your accounts payable and receivable to avoid surprises and maintain accurate financial reports. Experience the Counto advantage Counto is the trusted outsourced provider of accounting, tax preparation and CFO services for startups and SMEs.

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Financial Statements Reconciling Accounts Payable Accounts Payable 52

Counto

JANUARY 21, 2025

Heres why you should consider working with an accounting firm: Broad Expertise: An accounting firm brings together professionals with expertise in various areas, such as corporate tax, GST, financial audits, and compliance. This broad skill set ensures that your business receives well-rounded financial guidance and advice.

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Accounting Accounting Bookkeeping Auditing 52

Accounting Today

AUGUST 15, 2022

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Tax Financial Reporting Corporation Tax 246

Counto

NOVEMBER 12, 2024

Accounting Software Simplifies budgeting, expense tracking, and financial reporting. Ensures compliance with Singapore’s tax regulations and provides insights into financial performance. Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

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Budgeting Tax Corporation Tax Financial Statements 40

Billah and Associates

JANUARY 27, 2021

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date.

Tax 52

Tax Corporation Tax Financial Statements Bookkeeping 52

Counto

SEPTEMBER 12, 2024

Financial Reporting: Experts prepare accurate financial reports, providing you with the insights needed for informed decision-making. Tax Compliance: Specialists handle tax filings and compliance, reducing the risk of errors and ensuring adherence to regulations.

Budgeting 52

Budgeting Corporation Tax Financial Analysis Budgeting Manager 52

Counto

JANUARY 7, 2025

Changes to Corporate Tax Rates Adjustments to corporate tax rates may be introduced in 2025 as part of government measures to promote economic growth and address fiscal needs. What to Expect: Possible changes to existing tax incentives. Higher accountability for financial reporting.

Corporation Tax 52

Corporation Tax Payroll Financial Reporting Collections 52

Counto

DECEMBER 13, 2024

Preparing Financial Statements Financial statements provide a clear picture of your companys financial health. These must comply with the Singapore Financial Reporting Standards (SFRS) and are a critical part of tax and compliance filings. Corporate tax returns must be submitted annually.

Financial Statements 52

Financial Statements Corporation Tax Tax Auditing 52

Counto

NOVEMBER 27, 2024

Navigating Account Migrations: Key Considerations for Singapore SMEs For Singapore SMEs , account migrations are crucial to improving operational efficiency, enhancing financial reporting, and keeping up with evolving business needs. Ongoing support is critical to maintaining smooth operations.

Accounting 52

Accounting Accounting Financial Reporting Payroll 52

Counto

MARCH 19, 2024

Filing your annual returns File with ACRA Within 1 month after your AGM Filing an annual return with ACRA involves submitting an electronic form containing crucial details such as company officers, financial reports, registered addresses, and auditors (if applicable).

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounts Payable 52

Counto

FEBRUARY 8, 2024

Preparing Financial Statements: All companies must compile financial statements within 6 months after FYE, adhering to Singapore Financial Reporting Standards (SFRS). Listed companies must hold AGMs within four months after FYE.

Tax 52

Tax Financial Statements Corporation Tax Financial Reporting 52

Counto

SEPTEMBER 12, 2024

Adopt Effective Accounting Software Simplify Financial Management: Implement accounting software like QuickBooks or Xero to streamline your bookkeeping. These tools automate tasks such as recording transactions, generating invoices, and creating financial reports. Analyse Financial Reports Regularly 4.1

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Deposits Budgeting Accounting Accounting 52

Counto

NOVEMBER 7, 2024

Example : A café upgrading its kitchen equipment can benefit from accelerated depreciation, lowering its taxable income and reducing its corporate tax liability. Financial Statements : F&B businesses are required to prepare financial statements in accordance with Singapore Financial Reporting Standards (SFRS).

Tax 40

Tax Financial Statements Financial Reporting Record Keeping 40

Counto

OCTOBER 8, 2024

AI-Powered Processing: Counto’s platform processes your financial data quickly, providing timely insights and reports. Example: A tech startup needed financial clarity before an investor meeting. Tailored Solutions: Whether you need basic financial reporting or detailed forecasting for expansion, Counto has you covered.

Financial Reporting 52

Financial Reporting Tax Payroll Corporation Tax 52

Counto

APRIL 4, 2024

At Counto, we recognise the importance of seamless financial management across borders, which is why all our accounting plans include free multi-currency support. The Importance of Multi-Currency Accounting in Financial Reporting 1. Other Considerations to Ensure Accurate Multi-currency Reporting 1.

Financial Reporting 40

Financial Reporting Data Entry Accounting Accounting 40

Accounting Tools

SEPTEMBER 1, 2023

The difference in the amount of tax reported and paid is caused by differences in the calculation of taxes in the local tax regulations and in the accounting framework that a company uses. Examples of major accounting frameworks are Generally Accepted Accounting Principles and International Financial Reporting Standards.

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Tax Corporation Tax Financial Reporting Accounting 40

Accounting Tools

APRIL 22, 2023

Related Courses S Corporation Tax Guide Types of Business Entities What is a Subchapter S Corporation? A Subchapter S corporation is a form of corporate organization under which the obligation to pay income taxes is passed through to the shareholders of the organization.

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Corporation Tax Financial Reporting Tax 40

Accounting Today

APRIL 22, 2024

BEPS Pillar Two will affect a significant number of companies by establishing an effective global minimum tax rate of 15%.

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Tax Financial Reporting Corporation Tax 145

Counto

OCTOBER 7, 2024

For SMEs in Singapore, understanding these assets is crucial, as they can have substantial effects on financial reports and tax liabilities. Navigating the Tax Treatment of Intangible Assets 2.1 Get accounting plans that combine bookkeeping with corporate tax filing to help you stay compliant at an affordable price.

Tax 52

Tax Corporation Tax Financial Reporting Bookkeeping 52

Counto

JANUARY 11, 2024

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. Once you’ve filed your financial statements with ACRA, it’s important to: File annual returns, which should be done after filing financial statements.

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Financial Statements AR Corporation Tax Financial Reporting 52

Counto

DECEMBER 14, 2023

Favorable Tax Regime One of the most compelling reasons to incorporate in Singapore is its attractive tax regime. The country offers a competitive corporate tax rate, tax incentives for specific industries, and no capital gains tax.

Corporation Tax 52

Corporation Tax Tax Financial Reporting Budgeting 52

Counto

DECEMBER 13, 2024

Deviation from Standard Accounting Practices: Failing to follow accounting norms can result in inaccurate financial reporting. Merging Personal and Business Finances: This can complicate cash flow management and lead to poor financial decision-making.

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Invoicing Billing Financial Reporting Accounting Software 52

Counto

JANUARY 6, 2024

Singapore has emerged as a preferred destination for setting up holding companies, thanks to several compelling advantages: Tax Efficiency : Singapore boasts a favourable tax environment, with attractive tax rates on capital gains and foreign-sourced dividends.

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Corporation Tax Tax Financial Reporting Accounting 52

Counto

MARCH 23, 2025

Centralised Financial Management A single platform for accounting, tax, and secretarial tasks brings all your financial data into one accessible place, simplifying management and providing clarity. Real-time Visibility Gain immediate insight into your financial health with real-time dashboards, enabling better decision-making.

Tax 40

Tax Accounting Accounting Data Entry 40

Counto

JANUARY 19, 2023

On the financial side, ACRA has been established to oversee financial reporting and the facilitation of enterprises. We are a trusted corporate secretarial service provider that offers a wide range of premium corporate services, spanning from incorporation and secretarial services to accounting and corporate tax filing.

Tax 52

Tax Corporation Tax Financial Reporting Collections 52

Counto

JANUARY 19, 2023

On the financial side, ACRA has been established to oversee financial reporting and the facilitation of enterprises. We are a trusted corporate secretarial service provider that offers a wide range of premium corporate services, spanning from incorporation and secretarial services to accounting and corporate tax filing.

Tax 52

Tax Corporation Tax Financial Reporting Collections 52

Counto

SEPTEMBER 7, 2024

An audit is an independent examination of a company’s financial statements by a licensed auditor. The purpose is to ensure that the financial statements accurately reflect the company’s financial position and comply with the Singapore Financial Reporting Standards (SFRS) and the Companies Act.

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Auditing Financial Statements Tax Budgeting 52

AvidXchange

MARCH 22, 2024

Likewise, during tax season, teams need to deliver reporting and other documentation to ensure corporate taxes are filed properly. It’s essential for accounting and finance professionals to stay up to date with tax law changes, according to Perry. These asks can be disruptive to the daily workflow.

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Accounting Accounting AP Budgeting 52

Counto

DECEMBER 15, 2024

Define Project Objectives : Clearly outline your business goals and align them with key filing deadlines such as GST filings, corporate tax submissions, and annual reporting. Navigate tax season with confidence: Our tailored, all-in-one accounting plans optimise your finances year-round.

Corporation Tax 52

Corporation Tax Financial Reporting Tax Bookkeeping 52

Counto

NOVEMBER 4, 2024

Enhances Attractiveness to Investors : Presents a clear financial picture to potential investors, which can help secure funding. Interest and Tax Expenses Interest Expenses : Costs associated with borrowing. Taxes : Corporate tax obligations.

Corporation Tax 52

Corporation Tax Tax Bookkeeping Financial Statements 52

Counto

JANUARY 13, 2025

Having a company secretary can help ensure that your business remains compliant with Singapores regulations by maintaining accurate records, filing necessary documents with the authorities, and ensuring that all aspects of your financial reporting, including charitable contributions, are handled appropriately.

Bookkeeping 52

Bookkeeping Financial Statements Tax Record Keeping 52